After years of tremendous economic growth, COVID-19 has unleashed unprecedented market volatility and extreme value dislocations for U.S. public companies. Senior management and directors are facing existential business model, strategic and human resource challenges that are generational in scope...

The board of directors of Groupon(GRPN-3.1%) hasadopteda limited duration rights plan to promote the fair and equal treatment of all current and future stockholders,effective April 10, 2020 andwith an expiration date ofMarch 10, 2021...

...... existing corporate governance structures enable them to protect long-term ... Once a company implements a poison pill, the effects of the pill are... JD Supra is a legal publishing service that connects experts and t...

...Occidental Petroleum has deployed a poison pill to prevent a hostile takeover, a day after hedge fund investor Carl Icahn almost quadrupled his stake in the US oil producer and called for its chief executive to...

...Toshiba Machine will seek shareholder approval for its poison pill defense, as demanded by activist investor Yoshiaki Murakami. The move follows a threat by the company to protect itself if Murakamistakeover pr...

In February of 2019, the international business community was abuzz after biopharmaceutical company Sinovacmade a rare and bold power play.In response to a perceived threat to its board of directors, the companyactivated a shareholder rights planto reissue more than twenty-five million new shares to certain shareholders, which would give them greater control of the company, but simultaneously reduce their value substantially...

... Schnatter, who already owns almost 31 percent of the company, from acquiring more equity in the company. The poison pill is intended to defend the company against a hostile takeover if anyone amasses a stake of more tha...

...oard, looking to further distance itself from the companys controversial founder , voted on Sunday to adopt a poison pill to keep John Schnatter from gaining a controlling stake in the Louisville, Kent., company, accordi...

... purchase any more. That sounds like an NOL poison pill! (Shamless plug to NOL poison pill paper, The Hostile Poison Pill.) The Delaware courts have upheld the use of a 4.99 poison pill to protect a corporate asset (net ...

...ting power to fend off unwanted acquirers, often to the frustration of investors. “Anything that looks like a poison pill is a problem of governance,” Anne-Sophie D’Andlau, co-founder at hedge fund firm CIAM, told Reuter...